Prepayment risk fell to nearly a 22-year low in September
That's left mortgage servicing rights investors with fewer concerns about runoff, but buyers have less in the way of recapture opportunities.
Source: nationalmortgagenews.com
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The 'Sammy Hagar' theory of economics
President of Dallas-based lender shoots down Fed's inflation-busting measures
Source: mpamag.com
Mortgage delinquency rate nears historic low
The overall mortgage delinquency rate declined to 2.79% in August, according to Black, just 4 basis points above the historic low of 2.75% in May 2022.
Source: housingwire.com
Housing affordability hits worst level in 37 years
It now takes 35.51% of the median household income to make a principal and interest payment on the average home.
Source: aol.com
Motorists outraged at planned closure of M6 | Lancashire Telegraph
Planned “essential bridge safety and maintenance work” on the M6 will continue throughout September.
Source: lancashiretelegraph.co.uk